White Mountain Appoints Dr. Antonio Luraschi as Project Manager for the Cerro Blanco Titanium Project in Chile
SANTIAGO, Chile, July 6, 2011 /PRNewswire/ -- White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTC Bulletin Board: WMTM) reports that, as part of its on-going commitment to take the Cerro Blanco project to final feasibility, it has appointed Dr. Antonio Luraschi as Project Manager, effective August 1, 2011. Reporting to the President of White Mountain, Dr. Luraschi will be responsible for over-seeing all disciplines necessary to take the project to the final feasibility stage.
Dr. Luraschi obtained degrees in Metallurgical and Chemical Engineering from the University of Concepcion, Chile in 1970, and a Ph.D. in Metallurgy from Massachusetts Institute of Technology in 1976. A fluent speaker of Spanish and English, Dr. Luraschi also has a working knowledge of French and Italian.
Most recently, Dr. Luraschi was employed by AMEC International Ltd. in Chile as Metallurgical Consulting Manager. Previously he was a partner with CADE-IDEPE (a Chilean engineering firm acquired by AMEC in 2007) where he was responsible for the metallurgical process aspects of numerous mining projects, including projects for such companies as Anglo American, Codelco and Xstrata.
Over his career, Dr. Luraschi has developed more than sixty applied research and development project engineering solutions. These solutions fall within the fields of copper pyrometallurgy and electrometallurgy as well as extractive metallurgy of gold and silver and specialty metals such as molybdenum, titanium, vanadium and germanium.
Commenting on the appointment, Mike Kurtanjek, the Company's President and CEO said, "I am delighted that Antonio has agreed to join the White Mountain team. He brings a wealth of appropriate experience and expertise to the Cerro Blanco project, having already been involved in the project since 2007. His participation and contribution to the preliminary engineering assessment and the pilot plant test work at SGS in Canada means that he is well versed in the requirements to over-see taking the Cerro Blanco project to final feasibility."
About White Mountain Titanium Corporation
The Company holds mining concessions on the Cerro Blanco property currently consisting of 33 registered mining exploitation concessions and five mining exploration concessions in the process of being constituted, over approximately 8,225 hectares located approximately 39 kilometres west of the City of Vallenar in the Atacama, or Region III, geographic region of northern Chile. The Company's principal objectives are to advance the Cerro Blanco project towards a final engineering feasibility, and to secure off-take contracts for the planned rutile concentrate output. It would be the intention to sell the rutile concentrate to titanium metal and pigment producers. Work also continues to investigate the commercial viability of producing a feldspar co-product. The feldspar could find applications in the glass and ceramics industries.
The OTC BB has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in our press releases and on our website, such as 'reserves,' 'resources,' 'geologic resources,' 'proven,' 'probable,' 'measured,' 'indicated,' and 'inferred,' that the SEC guidelines strictly prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in our annual report on Form 10K for the year ended December 31, 2007, File No. 333-129347, and in subsequent filings with the SEC. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.
White Mountain Titanium Corporation
Michael Kurtanjek, President
(56) 2 657-1800
Brian Flower, Chairman
SOURCE White Mountain Titanium Corporation